Healthy 0.23 levels fibo correction should come in midcap nifty if it has to go far away. The chart looks very simple but it's the most effective way to judge market waves.
Trade active
121 points fall today.
Note
retracement started.
Note
This is also comming soon
Note
Now midcp turn. 9800 should come. 10% correction expected before it takes next bullrun.
Look at my below analysis for BN a month ago well in advance.
Note
Fall is started already.
Note
Follow this anaysis now. Can see 500-700 points fall in midcp nifty soon.
Note
Solid retracement done from recent swing low. It could go further up now for sometime.
Note
Target till monday.
Note
at make or break level.
Note
Bollinger contraction. Should blast on either side in 15-20 mnts.
Note
One simple & solid trade milega ones this levels broken.
Note
The time is not far.......
Trade active
Note
never the less. tomorrow will be the day. May be.......
Trade active
Extremely bearish pattern. it fails rarely. The only thing is how long it holds there.
Note
Gajjab, unbelievable rally in mid caps.
Note
Note
Predicted few days back only. Taken many scalping trades in between since monday on this. Now it has broken major level. will update tomorrow because news based action can happen tomorrow thats not called price action.
Note
If you see the bigger picture in 2hr timeframes. midcp is still in the big accending pattern channel. Bottom of the trendline is way far now. But as per bollinger bands we can see further 300 points fall from given level. Then again we can think about further trend. But if it breaks the bottom trendline then there will be huge reversal trend.
Note
Solid selling pressure seen as per expected.
Note
closing above 11000 mark will be considered as always bullish.
Note
Closing is below 11k mark. First bearish sign.
Note
Long side.
Note
SL hit and reversed. Taken again with similar move and good day.
Note
closing below 10850 will drag it more. Please see clear picture in day timeframes below. Smarts will understand it.
Note
You cant say exactly when. But whenever 11000 breaks 1st alert then below 10980 to 10860. And ones 10860 breaks 10700 next. And after 10500 no limits.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.